European sovereign debt crisis spreads
Businesses accross the world could now be threatened by Europe’s worsening debt crisis. All kinds of companies are now feeling the strain as European banks pull back on lending in an effort to hoard capital and shore up their balance sheets. American money market funds have now stopped lending to European banks, forcing them to withdraw financing.
Read the original story on NYTimes.com | Nov. 28, 2011
Egypt hosts first election since revolution
Large crowds of Egyptians cast their votes in the first parliamentary elections since the revolution that ousted President Hosni Mubarak from power. Many violent demonstrations took place against military rulers that filled the power vacuum after Mubarak was forced out. The Muslim Brotherhood, a once-outlawed Islamist group, came one step closer to a formal role in governing Egypt.
Read the original story on NYTimes.com | Nov. 28, 2011
Occupy protesters not forced to leave by Los Angeles police
The deadline came and went for members of the Occupy Los Angeles movement as police officers failed to forcefully clear their tents from around City Hall. Mayor Antonio R. Villaraigosa had set a Monday morning deadline for protesters to clear their tents and other possessions from the camp, which is on the grounds of City Hall. A group of protesters filed for a federal injunction against the move, saying that it was a free speech violation.
Read the original story on NYTimes.com | Nov. 28, 2011
Rift widens between U.S. and Pakistan after recent attack
Two dozen Pakistani soldiers were killed by an NATO air attack on Nov. 26. Pakistani officials saying the attack on two border posts was unprovoked. Relations with Pakistan have soured with this lastest attack, as the border crossing is now closed. This is preventing 60 percent of the army’s equipment into the warzone. Pakistan’s military commander, Army Gen. Ashfaq Parvez Kayani, has said that there must be a “measured response” to the attack.
Read the original story on NYTimes.com | Nov. 27, 2011
Supercommittee fails to reach deal on reducing debt
The congressional committee that was presented with the task of coming up with $1.2 trillion to cut from the federal budget failed to reach a deal prior to the Thanksgiving holiday. The absence of an agreement threatens to slow any real growth in the ailing global economy. Raising taxes on almost everyone will need to be considered. The reduction of government spending is also a possibility.
Read the original story on NYTimes.com | Nov. 21, 2011
King of Prussia mall plans to expand
Simon Property Group Inc. has recently received majority ownership of the King of Prussia mall and the real estate company has now decided to expand the mall with a new wing of stores and restaurants. The new construction will give the mall a 140,000- square-foot indoor corridor to connect the Court with the Plaza.
Read the original story on NYTimes.com | Nov. 29, 2011
Fourth graders charged with sexual assault
Three fourth grade students have been charged with sexually assaulting an 8-year-old classmate in the restroom of a West Philadelphia School. After a three-week investigation, three of the young boys have been arrested. The school where the assult took place has started requiring students to travel in pairs. A school counselor also met with every class to discuss inappropriate behavior and the importance of reporting incidents to school staff immediately.
Read the original story on NYTimes.com | Nov. 29, 2011
Cabrini receives Father George Mader Award
College President Marie Angelella George accepted the Father George Mader Award on the college’s behalf at a ceremony in Philadelphia on Nov. 17. The award is given to institutions that show commitment to fostering faith-based volunteer service.
